Upgraded Duplex with Separate
For Sale
$385,000
114 E Court, San Bernardino, CA 92410
Two separately metered units with recent interior, exterior, plumbing, sewer, and roof improvements.
Property Size1,075 SF
Days on Market9
Property Features for 114 E Court
General Information
Standard status
Active
Size
1,075 SF
Property subtype
Duplex
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Building Size
1,075 SF
Year Built
1920
Buildings
1
Listing Agency:
Homesmart Realty Group
Listed By:
Akia Lynn · License #01970015
(714) 310-7887
Source:
Camdenmckayre
Added: Sep 16
Changed: Sep 19
Last Checked: Sep 24 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Homesmart Realty Group
Investment Insights
Based on property information with market context.
Built in 1920, this duplex contains two 1-bedroom, 1-bathroom units, each served by its own driveway. One unit is move-in ready following installation of wood-style vinyl flooring, quartz countertops, fresh interior paint, a new toilet, and a split HVAC system. The roof was replaced in 2021.
The second unit is occupied by a long-term tenant and includes a water heater replaced in 2025. Both residences have separate gas and electric meters. Additional property work includes whole-building re-piping completed in August 2026, sewer line replacement, and fresh exterior paint completed in 2021.
The second unit is occupied by a long-term tenant and includes a water heater replaced in 2025. Both residences have separate gas and electric meters. Additional property work includes whole-building re-piping completed in August 2026, sewer line replacement, and fresh exterior paint completed in 2021.
Key Highlights
- Two 1‑bedroom, 1‑bathroom units
- Separate driveways serve each unit
- Separate gas and electric meters for both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,360
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,200
$307.2K
Cap Rate 7%
$219,429
$219.4K
Cap Rate 9%
$170,667
$170.7K
Market Conditions
NOI Build-Up for 1,075 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.2K $21.60/SF
− Vacancy
−$1.3K −$1.19/SF
EGI
$21.9K $20.41/SF
− OpEx
−$6.6K −$6.12/SF
NOI
$15.4K $14.29/SF
Area
San Bernardino, CA
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$307,200
Cap Rate 7%
$219,429
Cap Rate 9%
$170,667
Alternative Uses
Best Use
Multifamily LT 5
$219.4K
$192.0K – $256.0K
NOI $15,360 @ 7.0% cap · market cap 3.99%
Second Best
Apartment 5plus
$197.0K
$172.4K – $229.8K
NOI $13,788 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$323.8K
$283.3K – $377.7K
NOI $22,663 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,868
Businesses Nearby
Explore this area
Business Placement
Demographics for 92410, CA
51,651
Population
14,325
Households
3.6
Avg Household Size
30
Median Age
6%
College-Educated
66%
High-School Grad
8.2 sq mi
ZIP Area
6,299
Density / Sq Mi
$53,390
Median Household Income
$32,474
Median Earnings
$1,303
Median Rent
$273,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately metered units with recent interior, exterior, plumbing, sewer, and roof improvements.
Where is this duplex located?
The property is located at 114 E Court San Bernardino, CA.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Two 1‑bedroom, 1‑bathroom units; Separate driveways serve each unit; Separate gas and electric meters for both units
